{"id":120406,"date":"2024-08-20T07:00:27","date_gmt":"2024-08-20T11:00:27","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=120406"},"modified":"2024-08-19T19:14:17","modified_gmt":"2024-08-19T23:14:17","slug":"argyle-is-now-an-approved-service-provider-supporting-freddie-macs-aim","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/argyle-is-now-an-approved-service-provider-supporting-freddie-macs-aim\/","title":{"rendered":"Argyle is now an approved service provider supporting Freddie Mac&#8217;s AIM"},"content":{"rendered":"<p>NEW YORK CITY, N.Y., Aug. 20, 2024 (SEND2PRESS NEWSWIRE) &#8212; <a href=\"https:\/\/argyle.com\/\">Argyle<\/a>, a platform providing real-time income and employment verifications for some of the largest lenders in the United States, is now an approved third-party service provider supporting Freddie Mac\u2019s Loan Product Advisor\u00ae (LPA&#x2120;) <a href=\"https:\/\/sf.freddiemac.com\/tools-learning\/loan-advisor\/our-solutions\/aim-service-providers\">asset and income modeler (AIM)<\/a>, a solution that simplifies the mortgage underwriting process for lenders. Argyle\u2019s verification of income and employment (VOIE) solution, which includes reports, pay stubs and W-2s, saves lenders 5\u20137 days per loan and 60\u201380% in costs compared to legacy VOIE providers.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.send2press.com\/wire\/images\/24-0326-s2p-argyle-logo-800x600.jpg\" alt=\"argyle logo\" width=\"800\" height=\"600\" class=\"alignnone size-full wp-image-117127\" srcset=\"https:\/\/www.send2press.com\/wire\/images\/24-0326-s2p-argyle-logo-800x600.jpg 800w, https:\/\/www.send2press.com\/wire\/images\/24-0326-s2p-argyle-logo-800x600-400x300.jpg 400w, https:\/\/www.send2press.com\/wire\/images\/24-0326-s2p-argyle-logo-800x600-200x150.jpg 200w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><br \/><em>Image caption: Argyle logo.<\/em><\/p>\n<ul>\n<li><strong>GSE-Approved: <\/strong>Argyle is now an approved service provider for Freddie Mac\u2019s LPA AIM, in addition to being an authorized report supplier for Fannie Mae\u2019s Desktop Underwriter\u00ae.<\/li>\n<li><strong>Cost and Time Savings:<\/strong> Lenders using Argyle for VOIE can save 5\u20137 days per loan and 60\u201380% in costs compared to legacy providers.<\/li>\n<li><strong>Improved Loan Quality: <\/strong>Lenders can now submit their Argyle reference number to LPA for immediate assessment of eligibility for representation and warranty relief.<\/li>\n<li><strong>Timely Solution: <\/strong>The integration addresses increasing origination costs and helps maintain lender margins.<\/li>\n<\/ul>\n<p>Effective immediately, lenders using Argyle\u2019s verification services will be eligible for automatic assessment of income and employment, including 10-day pre-closing verifications, through AIM. By submitting Argyle&#8217;s reference number to LPA, lenders can receive an immediate assessment of eligibility for representation and warranty relief for the income calculation and accuracy and integrity of the data.<\/p>\n<p>&#8220;Argyle is proud to collaborate with Freddie Mac to offer a comprehensive and efficient industry-leading solution for income and employment verification,\u201d said Argyle COO Brian Geary. \u201cBy automatically retrieving income data from a borrower&#8217;s payroll accounts, our platform helps lenders close high-quality loans more quickly while reducing origination costs and improving loan quality. This solution is timely, especially as the industry faces increasing origination costs that erode already razor-thin margins.\u201d<\/p>\n<p>\u201cOur latest research shows the cost to originate has increased 35% since 2021. When lenders maximize LPA\u2019s digital capabilities like AIM, they can save $1,500 per loan,\u201d said Daniel Miller, Freddie Mac Single-Family Director of Strategic Technology Partnerships. \u201cWe\u2019re excited to welcome Argyle as a service provider supporting AIM, so we can help lenders drive down costs through digital innovation.\u201d<\/p>\n<p>For more information about Argyle\u2019s integrations with automated underwriting systems (AUS), visit <a href=\"https:\/\/www.argyle.com\/blog\/freddie-mac-aim-provider\/\">https:\/\/www.argyle.com\/blog\/freddie-mac-aim-provider\/<\/a>.<\/p>\n<p><strong>About Argyle:<\/strong><\/p>\n<p>Founded in 2018, Argyle is the leading provider of real-time income and employment verifications. As an authorized report supplier for Fannie Mae\u2019s Desktop Underwriter\u00ae validation service and an approved service provider supporting Freddie Mac\u2019s Loan Product Advisor\u00ae asset and income modeler (AIM), Argyle empowers mortgage lenders to auto-retrieve paystubs and W-2s, understand consumers\u2019 ability to pay and improve loan quality\u2014all at 60\u201380% less cost. Argyle\u2019s commitment to innovation is backed by investors including Bain Capital Ventures, SignalFire, Checkr and Rockefeller Asset Management.<\/p>\n<p>For more information on Argyle\u2019s industry-leading platform, please visit\u00a0<a href=\"https:\/\/argyle.com\/\">https:\/\/argyle.com\/<\/a>.<\/p>\n<p>To stay up to date on all Argyle news, sign up for our newsletter here:\u00a0<a href=\"https:\/\/argyle.com\/blog\/\">https:\/\/argyle.com\/blog\/<\/a>.<\/p>\n<p>Tags: @withArgyle @FreddieMac #fintech #financialservices #innovation #mortgage #mortgagelending<\/p>\n<p>Brand Assets: <a href=\"https:\/\/brand.argyle.com\/downloads#logo\">https:\/\/brand.argyle.com\/downloads#logo<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK CITY, N.Y., Aug. 20, 2024 (SEND2PRESS NEWSWIRE) &#8212; Argyle, a platform providing real-time income and employment verifications for some of the largest lenders in the United States, is now an approved third-party service provider supporting Freddie Mac&#8217;s Loan Product Advisor&#xae; (LPA&#x2120;) asset and income modeler (AIM), a solution that simplifies the mortgage underwriting process for lenders. Argyle&#8217;s verification of income and employment (VOIE) solution, which includes reports, pay stubs and W-2s, saves lenders 5-7 days per loan and 60-80% in costs compared to legacy VOIE providers.<\/p>\n","protected":false},"author":9735,"featured_media":117127,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,12804,1,38,10711,8,6,5],"tags":[205,8952,19949],"class_list":["post-120406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-ap","category-business-news","category-finance-news","category-fintech","category-new-york-news","category-software-news","category-technology-news","tag-depthpr","tag-freddie-mac","tag-verification-of-income-and-employment","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":3702,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/120406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/9735"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=120406"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/120406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/117127"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=120406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=120406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=120406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}